AMuS: 'Mercedes loses a lot with Concorde Agreement compared to Red Bull'
By Srihari HS 20 August 2020 | 15:39
Mercedes will lose a lot with the new Concorde Agreement compared to Red Bull, according to an analysis of the German Auto, Motor und Sport. The recently concluded agreement will come into effect from 2021. Mercedes is losing $32 million, while Red Bull is losing $29 million.
The German site sums up how the money is distributed, assuming a pot of one billion. "The history bonus is 20 percent. That would bring Mercedes, Ferrari, Red Bull, McLaren, Renault and Williams $70 million each. After deducting Ferrari bonus and these historical payments based on world titles, about 884 million dollars are left."
Mercedes losing more than Red Bull
The smaller teams can take advantage of the new agreement. "Money taken away from the top three will be redistributed among the fourth to tenth in the Constructors' Championship" That would mean Mercedes would lose $32 million, Red Bull $29 million and Ferrari $25 million.
Then we look at the smaller teams. McLaren would lose 8 million. Williams probably won't lose much. It gets more interesting when it comes to AlphaTauri. The Red Bull sister team will earn 25 million dollars more than before. That would compensate most of Red Bull's $29 million loss.
More teams profit with Concorde Agreement
AlphaTauri isn't the only team that will profit from the new Concorde Agreement. Renault ($21 million), Racing Point ($18 million), Alfa Romeo ($9 million) and Haas ($9 million) will also move forward. The money depends on how the teams perform. Obviously, if McLaren ranks higher in the championship, it will receive more money. (Photo: Red Bull Content Pool / Getty Images)
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